Q3FY22 Quarterly Result Announced for Kaveri Seed Company Ltd.
Agricultural Products Kaveri Seed Company announced Q3FY22 results: Q3FY22 – Standalone: Revenue from Operations was at Rs 102.08 crore as compared to Rs 100.07 crore in Q3FY21; registered a growth of 2.01% EBITDA was at Rs 16.32 crore as compared to Rs 15.08 crore in Q3FY21; increased by 8.22% EBITDA Margin improved to 15.99% from 15.07% in Q3FY21 Net Profit was at Rs 9.08 crore as compared to Rs 7.45 crore in Q3FY21; registered a growth of 21.88% Commenting on the results, Mr. G V Bhaskar Rao, Chairman & Managing Director said, “In line with company’s focus, the contribution from non-cotton segment in 9MFY22 has increased to 62% from 53% in 9MFY21. The company has witnessed significant growth in both revenue and volumes from hybrid and selection rice and vegetable segments. Contribution from our new products across seed segments are stable during the year, this should move upwards during the next year, this is the biggest driver for the organization As a part of rewarding our shareholders, the company has completed buyback of shares worth of Rs. 119.95 crore during the quarter” Result PDF11-02-2022